Key Points
- Director Paul Anthony Mascarenas bought 20,000 Gentherm shares at an average price of $26.63, investing $532,600 and increasing his holdings by 747.1% to 22,677 shares.
- Gentherm reported quarterly EPS of $0.33, missing the $0.64 consensus estimate, while revenue rose 4.7% year over year to $405.1 million.
- The company paid a special $1.90-per-share dividend and authorized a $400 million share-repurchase plan; analysts maintain a consensus “Hold” rating with a $44.17 price target.
Gentherm Inc (NASDAQ:THRM - Get Free Report) CEO William Presley bought 5,000 shares of Gentherm stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average price of $26.00 per share, with a total value of $130,000.00. Following the purchase, the chief executive officer owned 183,314 shares of the company's stock, valued at $4,766,164. This trade represents a 2.80% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Gentherm Stock Down 0.0%
THRM stock opened at $28.59 on Tuesday. Gentherm Inc has a twelve month low of $25.31 and a twelve month high of $48.35. The company has a market cap of $878.86 million, a PE ratio of 95.30, a price-to-earnings-growth ratio of 0.66 and a beta of 1.37. The business's 50-day simple moving average is $35.33 and its 200 day simple moving average is $34.16. The company has a quick ratio of 1.47, a current ratio of 2.05 and a debt-to-equity ratio of 0.44.
Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The auto parts company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.31). The firm had revenue of $405.10 million during the quarter, compared to analyst estimates of $404.16 million. Gentherm had a net margin of 0.57% and a return on equity of 10.30%. The company's revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.73 EPS. On average, research analysts anticipate that Gentherm Inc will post 2.89 earnings per share for the current year.
Gentherm Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 28th were issued a dividend of $1.90 per share.
Gentherm announced that its board has initiated a share repurchase plan on Thursday, July 23rd that permits the company to buy back $400 million in shares. This buyback authorization permits the auto parts company to buy up to 36.2% of its shares through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its stock is undervalued.
Analysts Set New Price Targets
THRM has been the subject of a number of recent research reports. CJS Securities started coverage on Gentherm in a research note on Monday, September 14th. They issued an "outperform" rating and a $50.00 target price for the company. Stifel Nicolaus decreased their price target on shares of Gentherm from $48.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday. Freedom Capital downgraded shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lowered their price target on shares of Gentherm from $48.00 to $47.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Weiss Ratings upgraded shares of Gentherm from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $44.17.
Get Our Latest Stock Analysis on Gentherm
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of Gentherm in the 2nd quarter valued at $9,986,000. BlackRock Inc. acquired a new stake in shares of Gentherm during the 2nd quarter worth about $165,005,000. Deutsche Bank AG bought a new position in Gentherm during the 2nd quarter valued at about $1,296,000. Walleye Capital LLC bought a new position in Gentherm during the 2nd quarter valued at about $802,000. Finally, Renaissance Technologies LLC boosted its position in Gentherm by 24.5% in the first quarter. Renaissance Technologies LLC now owns 271,464 shares of the auto parts company's stock valued at $7,541,000 after buying an additional 53,400 shares in the last quarter. 97.13% of the stock is owned by institutional investors.
Gentherm Company Profile
(
Get Free Report)
Gentherm Incorporated (NASDAQ: THRM) develops and manufactures thermal management and comfort technologies for the automotive and medical industries. The company's automotive products include heated and cooled seating systems, climate-controlled seats, heated steering wheels, seat ventilation, and other technologies designed to improve passenger comfort and manage temperature.
Gentherm also provides battery thermal management systems and related technologies that support the performance, efficiency, and safety of electrified vehicles.
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